FY FINANCIAL (08452) issued a profit warning, expecting a mid-term net loss of approximately 11 million to 12.5 million yuan.
Fuyin Financing Co., Ltd. (08452) announced that the Group expects to record a net loss of approximately RMB 11 million to RMB 12.5 million for the six months ending June 30, 2026 (for the six months ending June 30, 2025, the net loss was approximately RMB 1.39 million).
FY FINANCIAL (08452) announced that the group expects to record a net loss of approximately RMB 11 million to RMB 12.5 million for the six months ending June 30, 2026 (net loss for the six months ended June 30, 2025: approximately RMB 1.39 million).
The increase in losses during the reporting period was primarily due to (i) the significant decline in sales revenue of the energy storage business impacted by multiple factors such as rising battery raw material prices, tightening supply, and intensified competition in end-user prices; (ii) a decrease in revenue from the factoring business; and (iii) other income losses from the disposal of a financial asset.
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